Rising Tide: Thames River Profit Up 23%

Aug 23 2007 | 1:23am ET

Thames River Capital enjoyed an impressive fiscal year, with profits at the firm rising 23% in the year ended in March. Reuters reports the firm told regulators its pre-tax profit was £30 million (US$59.5 million), up from the previous year’s £24.4 million (US$48.5 million).

The London-based hedge fund manages in excess of US$10 billion. According to the filing, Thames River’s turnover rose 24% to £57.3 million, and it paid out 34.4% more in bonuses and incentives than the year-earlier period.

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